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Category: Economy

Business Economy headline

UAE lifts travel ban on travellers from Nigeria, 12 other African countries

Iheanyi Ejiofor January 27, 2022 No Comments #United Arab Emirates (UAE) #Emirate #Nigeria #Travel ban

By our reporter/ The United Arab Emirates (UAE) will resume passenger flights from 12 African countries, including Nigeria, from Saturday, January 29. The UAE national carrier had two weeks ago…

Read More UAE lifts travel ban on travellers from Nigeria, 12 other African countries
Economy headline

NNPC requests N3trn for 2022 fuel subsidy

Iheanyi Ejiofor January 26, 2022 No Comments NNPC requests N3trn for 2022 fuel subsidy

  By Our Reporter The Nigerian National Petroleum Corporation (NNPC) has requested the sum of three trillion naira (N3,000,000,000,000) as fuel subsidy for 2022, Minister of Finance, Budget, and National…

Read More NNPC requests N3trn for 2022 fuel subsidy
Economy headline

Suspending fuel subsidy removal will lead to more borrowings – Presidency

Iheanyi Ejiofor January 26, 2022 No Comments Suspending fuel subsidy removal will lead to more borrowings – Presidency

By Our Reporter Those lamenting Nigeria’s mounting debt profile may have to worry further as country may have to continue to borrow due to the suspension of the removal of…

Read More Suspending fuel subsidy removal will lead to more borrowings – Presidency
Business Economy

Dangote retains status as Africa’s richest man – Forbes

Iheanyi Ejiofor January 25, 2022 No Comments #Dangote

Businessman Aliko Dangote has retained his status as the richest man in Africa, according to Forbes. Forbes, an American business magazine, is renowned for tracking the wealth of billionaires across…

Read More Dangote retains status as Africa’s richest man – Forbes
Business Economy headline

CBN retains interest rate at 11.5%

Iheanyi Ejiofor January 25, 2022 No Comments #CBN #Interest rate #retain

By our reporter/ The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5…

Read More CBN retains interest rate at 11.5%

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